Homework: Chapter 10 Homework Save Score: 0 of 1 pt 5 of 5 (0 complete) HW Score: 0%, 0 of 1... P10-17 (similar to) Question Help (Preferred stock valuation) What is the value of a preferred stock where the dividend rate is 15 percent on a $100 par value, and the market's required yield on similar shares is 11 percent? The value of the preferred stock is $ per share. (Round to the nearest cent.)